Sandridge Energy

Q2 FY2026 EarningsQ2 FY2026 results missed consensus on the top and bottom lines: revenue of $51.1M vs. $58.7M expected, and normalized EPS of $0.72 vs. $0.75 expected. Despite a 178 MBoe YoY production increase driven by the Cherokee Play, lower realized natural gas prices weighed on total revenue. Operating cash flow for H1 2026 was $62.2M, comfortably covering a 104% YoY increase in H1 capital expenditures, while the company announced a $65M strategic acquisition in the Cherokee Play to be funded by cash on hand.